TrailingCrypto order form explained.

Main Order Form

Order type selector

By pressing the drop down one can select various order type. Each order type has its own documentation. For that check out this URL (Understanding order types)

This the expanded version of the dropdown list though some of the order types are hidden.

Coin selector

Using this option can choose the base and quote coin. The left dropdown is used to select base coin whereas right drop down is used to select quote coin.

Quantity and Total

Commonly there are two ways to specify the amount of currency need to be traded, Quantity and Total. Quantity tells the amount of quote currency need to be traded.

E.g. for sell order once can specify the 10 XRP need to be sold.

Similar to this, using Total one can be used to specify the amount of base currency need to be traded.

E.g..1 BTC need to used to buy XRP.

On the right side of both quantity and total has a percentage button (%). This means when it is pressed then the entered value will be treated as relative quantity rather an absolute. The relative quantity is calculated during the execution of an order.

E.g. if one inputs 10% in XRP Quantity, then mean 10% of this total XRP balance will be used in final trade (exit trade).

Ask and Bid selector

As we all are aware that any trade there are two prices, bid and ask. Bid price represents the price at which a buyer is willing to pay whereas ask price represents the price at which a seller is willing to sell. Nearly always there is some gap between these to prices.

For every order type, bid and ask price are pre-embedded which refreshes automatically after a few seconds. On click of any of them, some common fields of the form automatically fill up e.g. stop price, conversion from total to quantity or vice a versa.

Offset (Trailing Orders)

Offset term is used for trailing orders. Both trailing sell and buy has an offset option. This option also appears in when someone uses an advance order like take profit, stop loss or stop buy which exits with trailing orders. To learn more, it strongly advised checking trailing order types.

Quick percentage coin fill

There is some utility shortcut. On the press of the button x%, that percentage of wallet balance will be filled in the Total fields.

Sub Order in TP and SL

One can specify the next order, market, limit or trailing, that need to be executed when the market price reaches the stop value.

Demo (Paper Trade)

This option converts an order as dummy (paper trade) order. Such order executes similar to any other real order but it will not place the final order on the exchange. On the final execution of a demo order final profit or loss recorded in order comment. E.g. If I paced a demo trailing order, the order will trail like real order but on the final stop value, the market order will not be placed on the real exchange. This is very useful to test a strategy or experiment with an order without losing money.

Trigger and Advance Option

These two options are super important. Both trigger and more options pop up addition dialog form. In these forms all the fields are optional. Using trigger one can convert any order signal order. A signal order is an order which opens on either telegram signal or email signals.

More option give advance optional fields.

Advance Options

Note: All the advance option as optional.

Instant Multiplier

This is used to define a multiplier factor for instant order. Instant order is custom made proprietary trailingcrypto order which tries to simulate market order and tries to fulfill the order in multiple attempts. Instant order first place a limit order on exchange at market price. If limit order doesn’t fulfill or partially fulfill, then TrailingCrypto cancels that limit order and place a new order with the lower price for a sell order and upper price for a buy order. Here instant multiplier comes in picture. Last limit price is multiplied with this factor and a new limit order is placed. This cycle will continue until the order is not fulfilled or 10 attempts (max retry limit) reached. The formula used for:

For e.g., if the instant sell order is placed with the multipler factor at 1% and the current market price is $100. In this case, a first limit sell order is placed at $100, if its order doesn’t fulfill in 50 milliseconds, the limit order will be canceled and a new limit sell order will be placed at $99. This process will go in a loop until the order is fulfilled or 10 attempts reached.

Entry price

It is used only for the profit and loss calculation and does not affect order execution. If these fields left empty then profit calculation is done at the market price at which order was placed. Usually, people use it to get the exact profit number.

E.g if someone bought a coin for $100 and the current price is $120. So he may want to enter entry price as $100 rather auto selected value $120 for the profit calculation.

Stop Timeout

Helps to prevent orders to execute in a highly fluctuating market. Using it one can add a delay in order execution once the market hits the stop price. If the price drops to or below the Stop Loss level, the system will wait for a specified amount of seconds. After that, it will do an additional check on the price:

If the price still on or below Stop Loss level, the trade will be sold by Stop Loss;

If the price rose back above Stop Loss level, the trade will remain open.

Upper stop

The stop price, above the current market price, at which order will execute. Once this price is achieved order exit with a market order.

Lower stop

The stop price, below the current market price, at which order will execute. Once this price is achieved order exit with a market order.

E.g. Suppose, one has placed trailing sell order with these values offset 5%, upper stop $120, lower stop $97 where the market price is $100.

At this point there are 3 stop prices, 1. $97, $120, Peak_Price – 3% offset (= peak_price * .97). Whenever the market reaches to any of the stop value, the order will exit with a market order.

Trigger Option

Select Trigger

Chose channels:

Auto Detect Coin:

TrailingCrypto is quite intelligent and extract the quote currency form the message. So, quote coin will be auto-filled in order on a trigger message.

Contain (Optional):

A comma-separated list of words which will be used to filter the email message. A message will be only considered if all specified words are present in the message. E.g, if the input is “profit, signal”, then a message will be considered trigger only if “profit” and “signal” is present.

Not Contains (Optional):

A comma-separated list of words which will be used to filter the telegram/email message. Suppose someone entered text “risk, short, loss”, then any telegram message containing these words will be filtered out.

NOTE: TrailingCrypto by default filter most of the non-signal message itself, so one can leave these fields empty.